News linked to both this project and an event.
According to Ledger Insights, the Brazilian Securities and Exchange Commission (CVM) is advancing a Distributed Ledger Technology (DLT) pilot program that will conduct simulated trading tests for tokenized securities, without involving real securities or investors. The test is led by the CVM Tokenization Working Group (GTT), will run for 60 days with a possible 30-day extension, and will cover the full lifecycle (from issuance to settlement) of assets including stocks, bonds, accounts receivable certificates, and investment fund shares. The trial aims to assess the technical, operational, and legal feasibility of DLT in capital markets, explore cross-network interoperability, and identify regulatory gaps, with the final outcomes potentially driving adjustments to relevant rules and legislation. The draft resolution remains pending approval from the CVM Board of Directors.
According to Ledger Insights, Federated Hermes—a U.S.-based asset management firm with $907 billion in assets under management—has announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, a money market fund compliant with the GENIUS Act’s stablecoin regulatory requirements. Primarily targeting stablecoin issuers, the fund is also open to institutional and retail investors. Its collateral assets have maturities of no more than 93 days, and its investment scope includes cash and U.S. Treasuries—highly liquid assets.